Archive for January 31st, 2019

Indonesia plans electric vehicle incentives for foreign car makers

31-Jan-2019 Intellasia | CNA | 6:00 AM

Indonesia is finalising a new electric vehicle (EV) policy that will offer fiscal incentives to foreign car makers, as it ramps up efforts to become a lithium battery hub, [...]
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Malaysia fines Deloitte for breaches linked to 1MDB

31-Jan-2019 Intellasia | Reuters | 6:00 AM

Malaysia’s securities regulator on Wednesday said they had fined Deloitte for committing four breaches related to a 2.4 billion ringgit (GBP 446.74 million) sukuk [...]
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At townhall session to address critics, minister says Islamic governance embraces diversity

31-Jan-2019 Intellasia | Malay Mail | 6:00 AM

The Pakatan Harapan administration’s push for a more inclusive Islam reflects the true nature of the faith, minister in the prime minister’s Department Datuk Seri [...]
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Securities Commission clarifies disclosure of names of firms probed over 1MDB audits

31-Jan-2019 Intellasia | Malay Mail | 6:00 AM

The Securities Commission (SC) has clarified claims that it disclosed the identities of firms it is investigating, in response to reports which named two firms as being part [...]
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Minister: 142,000 needy households missing out on electricity subsidy

31-Jan-2019 Intellasia | Malay Mail | 6:00 AM

Energy, Science, Technology, Environment and Climate Change minister Yeo Bee Yin today said that there are 142,200 needy households that have yet to register for the federal [...]
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Singapore-Malaysia working group had ‘constructive discussions’ on maritime issues

31-Jan-2019 Intellasia | Yahoo News Singapore | 6:00 AM

The working group which was set up to look into the ongoing maritime dispute involving the respective port limits of Singapore and Malaysia met for the first time in [...]
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China releases friendship song for Malaysia on Facebook… Malaysia mulls scrapping $27b Rail Link project

31-Jan-2019 Intellasia | Straits Times | 6:00 AM

China is hoping a song will remind Malaysia of warmer relations in the past, days after a $20 billion (S$27 billion) project that it backed was seemingly scrapped by the [...]
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Minister: SMEs must engage in sustainable business practices

31-Jan-2019 Intellasia | Malay Mail | 6:00 AM

Energy, Science, Technology, Environment and Climate Change minister Yeo Bee Yin today encouraged Malaysian small and medium enterprises (SMEs) and corporations to engage in [...]
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Dr M now says no decision yet on ECRL

31-Jan-2019 Intellasia | Malay Mail | 6:00 AM

Prime minister Tun Dr Mahathir Mohamad today confirmed that no final decision has been made with regards to the construction of the China-backed East Coast Rail Link (ECRL). [...]
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Wage must grow 3.5pct annually for Malaysia to achieve high-income status

31-Jan-2019 Intellasia | Thestar | 6:00 AM

Salary in Malaysia must grow at an average rate of 3.5 per cent annually for the country to achieve high-income status by 2023, said an economist. Alliance Bank Malaysia Bhd [...]
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Developer confirms Bukit Bintang City Centre incident at ex-Pudu prison site, says no injury

31-Jan-2019 Intellasia | Malay Mail | 6:00 AM

A local developer today confirmed that there was a “localised failure of a slab” last Friday at the Bukit Bintang City Centre (BBCC) project at the site where [...]
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Kuala Lumpur reclaims place among 100 most liveable cities for Asian expats

31-Jan-2019 Intellasia | Malay Mail | 6:00 AM

Kuala Lumpur is back among the 100 most liveable cities for Asian expatriates in ECA International’s latest location ratings survey, rising 28 spots to 98th. The [...]
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Malaysia will be ‘impoverished’ if it continues with East Coast Rail Link: PM Mahathir

31-Jan-2019 Intellasia | CNA | 6:00 AM

Malaysia will be “impoverished” if it continues with the East Coast Rail Link (ECRL), said prime minister Mahathir Mohamad on Tuesday (January 29). Since winning [...]
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Malaysia hopes to offload RM22.5b worth of unsold real estate in March expo

31-Jan-2019 Intellasia | Malay Mail | 6:00 AM

Putrajaya hopes a property expo in March will help increase sales of the near RM22.5 billion in unsold property here, Housing and Local government minister Zuraida Kamaruddin [...]
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Malaysia’s Mahathir seeks China’s understanding on scrapped $20 billion rail deal

31-Jan-2019 Intellasia | Reuters | 6:00 AM

Prime minister Mahathir Mohamad on Tuesday asked for China’s understanding over Malaysia’s plan to cancel a $20 billion rail project that spearheads China’s [...]
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